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$1 Million Gift Establishes First Endowed Chair in APU School of Business and Management

News Release

May 4, 2009

Azusa Pacific University received a gift of stock totaling $1,066,835 from L.P. and Bobbi Leung to establish the Endowed Chair for Ethics in Auditing and Accounting in APU’s School of Business and Management.

“An endowed chair is a perpetual gift allowing us to hire a faculty member without using the university budget,” said Ilene Bezjian, DBA, dean of APU’s School of Business and Management. “It is wonderful to have a position designated for a purpose, in this case an accounting position focusing on auditing. I am grateful to the Leung family for their generous gift. This will encourage our faculty to strive for higher levels of academic excellence.”

The school will soon begin the search process to fill this position, to identify the best candidate for this role. L.P. Leung hopes the chair will help APU become “known for having a strong accounting and auditing department that provides students with the classes required to take and pass the CPA examination, while developing strong student candidates to interview for jobs in big CPA firms and corporations.”

Leung attended APU in 1958-59, his first two years of college experience before attending USC. He went on to become a CPA and founded his own company.

“It is the grace of God that made this gift possible. I could not have imagined in 1958 that I would be able to contribute to the education of our Christian young people in this time of great need for our nation,” said Leung.